Finnair plunges to Q2 loss after pandemic grounded flights

"As ramp-up is an investment, and there are costs associated with it, and Finnair will be running with clearly reduced capacity, the comparable operating loss in Q3 will be of a similar magnitude than in Q2," it said on Friday. Finland's flagship airline, which is 55.8% state-owned, made an underlying operating loss of 174.3 million euros ($202.2 million) in April-June, compared with a 47.2 million profit a year earlier.

Finnair plunged to a second-quarter loss as the coronavirus pandemic kept most flights grounded, and said it would make a similar loss this quarter, despite an increasing number of flights. "As ramp-up is an investment, and there are costs associated with it, and Finnair will be running with clearly reduced capacity, the comparable operating loss in Q3 will be of similar magnitude than in Q2," it said on Friday.

Finland's flagship airline, which is 55.8% state-owned, made an underlying operating loss of 174.3 million euros ($202.2 million) in April-June, compared with a 47.2 million profit a year earlier. ($